Zhongbing Hongjian said in the Investor Relations Activity Record Form that recently, the State Assets Administration Commission issued “Certain Opinions on Improving and Strengthening the Market Value Management of Listed Companies Controlled by Central Enterprises” to continuously strengthen guidance on market value management of listed companies controlled by central enterprises, and formulated specific assessment and evaluation indicators. The company has also been notified that it will begin an assessment of the company's market value management work in 2025. According to the assessment index requirements of the State Assets Administration Commission, the assessment of the company's market value management work will begin in 2025. It mainly assesses the relative comprehensive growth rate of the company's stock price; there is no specific assessment range value. The Ordnance Industry Group has a positive attitude of encouraging equity incentives, but the company currently has no plans to launch equity incentives. Furthermore, the company expects special equipment products to increase in the next two years compared to the previous two years, and is currently delivering special equipment orders in an orderly manner during the 14th Five-Year Plan period.

Zhongbing Hongjian said in the Investor Relations Activity Record Form that recently, the State Assets Administration Commission issued “Certain Opinions on Improving and Strengthening the Market Value Management of Listed Companies Controlled by Central Enterprises” to continuously strengthen guidance on market value management of listed companies controlled by central enterprises, and formulated specific assessment and evaluation indicators. The company has also been notified that it will begin an assessment of the company's market value management work in 2025. According to the assessment index requirements of the State Assets Administration Commission, the assessment of the company's market value management work will begin in 2025. It mainly assesses the relative comprehensive growth rate of the company's stock price; there is no specific assessment range value. The Ordnance Industry Group has a positive attitude of encouraging equity incentives, but the company currently has no plans to launch equity incentives. Furthermore, the company expects special equipment products to increase in the next two years compared to the previous two years, and is currently delivering special equipment orders in an orderly manner during the 14th Five-Year Plan period.